Tom Konrad, Ph.D.
This is the third in a series of entries on opportunities in solar stocks, based on a panel at Solar 2009. The the first article introduced the panelists, and took a look at the solar sector as a whole. The second was about First Solar.
Allen Goodman on Solar Millennium (SMLNF.PK)
"Project developers [such as Solar Millennium] stand out because of their ability to have a relationship with the customer."
Peter Lynch on Solar Millennium (SMLNF.PK)
"I liked Solar Millennium before it ran up to $90 last year, I liked it at $90, and I like it today at $16."
Solar Millennium closed on May 15 at $17.75. That’s over $16, but a lot lower than $90. If you’re looking to buy a solar stock despite the scary market conditions I discussed in the first part of this series, Solar Millennium should be at the top of your list. Since it’s a Concentrating Solar Thermal Power (CSP) developer, an exciting technology I recently highlighted for its ability to produce dispatchable power. It’s one of the rare developers that has show it can build real plants (that differentiating factor Allen Goodman spoke of.)
DISCLAIMER: The information and trades provided here and in the comments are for informational purposes only and are not a solicitation to buy or sell any of these securities. Investing involves substantial risk and you should evaluate your own risk levels before you make any investment. Past results are not an indication of future performance. Please take the time to read the full disclaimer here.
This one is a good buy, though Obama give a big push for renewable energy; but when are you going to expect the market to climb up again?
On timing, I currently expect the market to fall in the short term… next few months. That opinion also seemed to be shared by the speakers at this panel.
I believe it will be good to invest in Solar Millennium now.